Delivery Hero's Talabat Raises $2B in UAE's Largest IPO

CosmicTaco · 2024-11-29T11:47:49.379432+05:30

* Talabat, a major food ordering business in the Middle East, is set to raise about $2 billion from the largest initial public offering in the UAE. * The IPO on the Dubai Financial Market follows Lulu Retail Holdings floating a 30% stake in Abu Dhabi this month, raising $1.72 billion. * Delivery Hero intends to retain a long-term majority indirect ownership position in Talabat. Source: [Reuters](https://www.reuters.com/business/retail-consumer/delivery-heros-talabat-sets-dubai-ipo-price-top-end-raise-2-bln-2024-11-29/)

Talabat, a major food ordering business in the Middle East, is set to raise about $2 billion from the largest initial public offering in the UAE.
The IPO on the Dubai Financial Market follows Lulu Retail Holdings floating a 30% stake in Abu Dhabi this month, raising $1.72 billion.
Delivery Hero intends to retain a long-term majority indirect ownership position in Talabat.

Source: Reuters